Additive manufacturing (AM) of titanium (Ti) alloys has always fascinated researchers owing to its high strength to weight ratio, biocompatibility, and anticorrosive properties, making Ti alloy an ideal candidate for medical applications. The aim of this paper is to optimize the AM parameters, such as Laser Power (LP), Laser Scan Speed (LSS), and Hatch Space (HS), using Analysis of Variance (ANOVA) and Grey Relational analysis (GRA) for mechanical and surface characteristics like hardness, surface roughness, and contact angle, of Ti6Al4V ELI considering medical implant applications. The input parameters are optimized to have optimum hardness, surface roughness and hydrophilicity required for medical implants.